Northern Cement says production cost may rise 11% on fuel price hike

05:16 PM (Mecca time) Argaam
Logo ofNorthern Region Cement Co.

Logo of Northern Region Cement Co.

Northern Region Cement Co. received today, Jan. 1, a notice from Saudi Aramco about an adjustment to fuel product prices used in cement production, effective immediately.

 

In a statement to Tadawul, Northern Cement said the direct financial impact on production costs is estimated at an increase of nearly 11%, adding that it will work in the coming period to gauge possible measures to mitigate the adjustment impact.

 

The company continues to implement cost-reduction measures to enhance production and operational efficiency.

 

It noted that its participation in the Industrial Sector Competitiveness Program since 2024 is expected to alleviate this financial impact and improve energy efficiency.

 

According to Argaam data, several Saudi-listed companies announced today receiving notices from Saudi Aramco regarding adjustments to feedstock and fuel prices. Northern Cement said the decision would drive higher output costs.

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